not vested
Trading Buy: AYS - 5021
(Last price: RM0.575, Potential upside +21.7%)
Company Profile
• AYS Ventures Berhad is involved in trading and manufacturing of steel related products.
Trading Catalyst
AYS's FY17 profit stood at RM27.7m (EPS: 7.32sen) vs RM8.2m (EPS: 2.17sen) in FY16 amid steadier international and local steel prices.
AYS is installing a fully automatic CNC structural steel facility to produce steel structure components, which may assist its customer on cost saving and faster delivery.
AYS is trading at 7.9x trailing P/E (peers P/E: 10x, 26% discount).
Technical View
• Resistance: RM0.635 / RM0.650 / RM0.700
• Support: RM0.545 / RM0.535
• Cut loss: RM0.530
Key Financial Stats
• P/BV: 0.92
• Dividend Yield: 4.35%
Source: Bloomberg, HLIB